Barings Provides $52.7M Refinance For Industrial Property In Peabody, MA

The industrial warehouse and distribution facility headquarters located at 140 Summit Street in Peabody, MA, was the subject of a $52.7 million refinancing deal. The loan for this property was provided by Barings.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $52,700,000
• Address: 140 Summit Street
• Market: Peabody, MA
• Lender: Barings
• Landlord: Bain Capital Real Estate & Oliver Street Capital
• Brokers: John Broderick & Patrick Boyle - Colliers International
• Loan Type: Refinance

Bain Capital Real Estate and Oliver Street Capital executed a joint venture to secure the refinancing deal for the property. The loan, facilitated by Colliers' John Broderick and Patrick Boyle, marks a significant financial arrangement for the industrial asset.